I just nailed a 20% gain in the month of March.
When compared, the S&P 500 was flat, it actually closed down 0.09% for the month of March.
When you figure in capital gains taxes, I really lost money during the month.
For you Schiff brain Ron Paul gold bugs out there, let's look at the facts. In the month of March, gold is up 0.49%, silver is up 9.5% that means we have just outperformed gold and silver put together by over 100% just in the month of March. That is the facts and examining the numbers. Even while inflation is up in certain sectors like energy and food, it is down in other sectors like housing, rental housing, rental apartments, computers, furniture, jewelry, and there are others. Inflation certainly is not so bad that it's taking away my stock trading profits, in truth, I've played inflation in the energy sector for profit and so I'm actually earning profits off inflation. As for the falling dollar, exports continue to rise which supports growth in the manufacturing sector here in the U.S. Guess who the world's top manufacturing country is? The U.S. that is just a little above China. The unemployment rate is slowly and gradually coming down as a bargain dollar helps exports and results in more hiring in great manufacturing jobs within the U.S.. Moreover, the cheap dollar signifies low interest rates which is pro-growth. My capital gains tax is very small coming in around half that or 15%. The Federal government has reduced taxes even further than George Bush on most things and so my tax liabilities are the lowest they've been in years.
However, you know what folks, there's a smart old biblical scripture which says after an pompous and puffed up spirit comes a great fall.
What comes to mind is a video clip that went viral with more than 171,000 views in 14 days of a man who just won a laptop. He was far too excited and he falls immediately after picking it up which smashes it into pieces.
They get all enthusiastic because they hit three or more winners consecutively and they believe they got stock trading all figured out after which bang, then wind up right on their back.
Don't end up being too happy insane because you begin hitting winners and start thinking you have stock trading almost all worked out. Make an effort to clear away all of your feelings from your trading decisions. When you are so delighted that you cannot control yourself, then it's preferable to sit out in cash while you get your behavior back under control.
For more instructive trading tutorials have a look at these three wonderful resources:
Trading And Investing Trolls
Trading And Investing TrollsTrading Trolls
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